(Alliance News) - Curtis Banks Group PLC on Monday said it has performed well since the first half of 2020 and in spite of "considerable headwinds", remains in line with market expectations.
Shares in Curtis Banks were 11% higher at 221.40 pence in London on Monday.
The UK-based self-invested pension products company acquired Talbot & Muir, a provider of SIPP and SSAS schemes, and Dunstan Thomas, a FinTech provider back in July.
Curtis Banks also has laid out plans to achieve a better balance between fee income and interest income, which it believes is more transparent and provides greater certainty to clients. The company said that this will involve increases to the annual SIPP administration fees paid on the mid and full SIPPs, effective from February 1, 2021.
"These fees remain competitive against the market, reflecting the value of Curtis Banks' enhanced proposition. In addition, we are implementing steps to improve the interest received by clients as rates increase," it said.
Chief Executive Will Self said: "We have continued to invest in the business committing GBP5 million to investment in technology, over a five year period. This has already delivered a new online portal, improving data visibility and the customer journey. Investment in systems, processes and our people is vital to ensuring our business continues to meet clients' needs and expectations into the future, as well as for us to continue to innovate."
Curtis Banks said that it continues to "perform strongly despite a challenging market environment and the integration of Talbot & Muir and Dunstan Thomas continues at pace." Looking forward, the company said it remained well positioned for the year ahead.
By Zoe Wickens; zoewickens@alliancenews.com
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